This bank increased the interest rate
Tamilnad Mercantile Bank, one of the private sector banks, has increased its interest rates. The bank has increased the interest rates on fixed deposits of less than 2 crores. The new interest rates will be applicable from February 10, 2023 i.e. from today. According to the official website of the bank, all this information has been given. At present, the repo rate has been increased by 25 basis points by RBI.
After increasing the interest rate by Tamilnad Mercantile Bank, now non-senior citizens will get the maximum interest rate of 8% and senior citizens will get the benefit of 8.50% interest rate.
How much will be the interest rate?
The bank offers an interest rate of 5.25% on term deposits maturing in 7 days to 120 days, 6% interest rate on deposits maturing in 121 days to less than 1 year, a maximum interest rate of 8% on deposits maturing in 300 days and 1 For a period of one year, Tamil Nadu Mercantile Bank is offering an interest rate of 7.25%.
The bank now offers 7% interest rate on deposits maturing in more than 1 year to less than 2 years, 6.75% interest rate on deposits maturing in 2 years to less than 3 years, deposits maturing in 3 years to 10 years The interest rate of 6.50% is being given on fixed deposits.
Journalist from Bihar. Associated with AnyTV.com since 2020. Can be reached at [email protected] with subject line “Reach Satyam kumari.” More by Satyam Kumari